The Port of Woodland Board of Commissioners adopted the port’s 2012 budget last week with a 9.3 percent reduction in the property tax the port receives.
In approving the financial plan, which totals $1,066,647.77 in 2012 – up from $990,918.24 in 2011 – the port commission said it was pleased to see the revenues earned from property and building leases in the port’s agricultural and industrial land and buildings.
The commission also adopted a Resolution to request a tax levy of $200,000 in 2012, which is $16,000 less than 2011, and reduces the tax rate from 19 cents per $1,000 of assessed value in 2011 to 18 cents per $1,000 in 2012.
Revenue growth shown in the 2012 preliminary budget was due to the ability to attract new tenants in 2011, the port said.
The 2012 port budget includes expenses planned for a comprehensive maintenance review and repairs at the Down River Drive Industrial Park and a road improvement project in the light industrial area. The port also expects to use outside services for a 2012 feasibility study for construction of a boat launch.
